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By lee'sview


What to do with my tax return ?

 

Want more money every month.

This works well especially if you are self employed or are on

Commission based job.

Also works well for first time bill payers.

Also, for folks who travel and cannot pay every month.

Just plop the whole amount down, no more late fees.

These are examples only, but it will work for everybody.

It's a nice stress buster, no more stress.

Say your vehicle needs breaks; you have the money to cover the payment.

Lets look at some examples.↓

Example your -Tax return =$5000.00

Tax stimulus =$1800.00 family of 4

______________________________

Total equals $6800.00

Examples of monthly bills

Cell bill $150.00 x 12 months = $1800.00

Insurance $100.00 x 12 months = $ 1200.00

Cable, Phone, Internet = $100.00 x 12 months = $1200.00

Lunch money = $80.00 x 12 months = $960.00

Water = $55.00 x 12 months = $660.00

_____________________________________________

Total monthly bills = $485.00 Total yearly bills =$5820.00

Now take your..

Total tax back = $6800.00

Minus total yearly bills = $5820.00

______________

= $980.00 Left to spend on what you want or Save......

Plus every month you will be ahead $ 485.00 to fall back on.

Another thing I do is I put the money in saving accounts

{That don't charge}, and hopfuly have a {high interest rate}

Again what works well for one may not work well for the other, I

Will be passing this tip down to my children when they start out.

If you have a great idea that has worked for you, let me know.

This may not help the stimulus out come that they would like,but by

the sounds of it, most folks will be saving the money or paying off bills.

So to help the economy , here is my plug , with the left over money

go and treat your self.

Planning is Good!


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Research Analyst profile image

Research Analyst  says:
17 months ago

What great information, I think this idea would really work well, because it allows a person to save and get ahead stress free. Thanks!

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